Two-Space Office and Restaurant
For Sale
$1,850,000
3861 3865 Jasmine Avenue, Los Angeles, CA 90232
Free-standing building with a 2,000-SF office suite and an 850-SF restaurant space currently occupied.
Property Size2,850 SF
Price / SF$649.12
Days on Market127
Property Features for 3861 3865 Jasmine Avenue
General Information
Standard status
Active
Size
2,850 SF
Property subtype
COMMERCIAL
Site & Location
Neighborhood
Palms
Additional Details
Office Units
1
Building Details
Building Size
2,850 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Jaleh Azarmi · License #01176352
(310) 573-7452
Source:
Truthrealty
Added: Jun 26
Changed: Oct 25
Last Checked: Oct 28 at 3:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Free-standing commercial building offering two separate rental spaces. One unit is approximately 2,000 square feet and features a flexible layout with five private offices, a kitchen, two large open work areas, and a reception area. The second unit is approximately 850 square feet and is currently occupied by a restaurant.
The 2,000-square-foot space has been previously utilized as a medical office and laboratory, and the floor plan is described as adaptable for a range of professional, medical, creative, research, office, or other commercial uses. The property was built in 1930.
Although the address and ZIP code list Culver City, the property is located within the City of Los Angeles and is generally subject to Los Angeles building, safety, zoning, and regulatory requirements. Offered for sale or lease.
The 2,000-square-foot space has been previously utilized as a medical office and laboratory, and the floor plan is described as adaptable for a range of professional, medical, creative, research, office, or other commercial uses. The property was built in 1930.
Although the address and ZIP code list Culver City, the property is located within the City of Los Angeles and is generally subject to Los Angeles building, safety, zoning, and regulatory requirements. Offered for sale or lease.
Key Highlights
- Two separate rental spaces: approx 2,000 SF office unit and approx 850 SF restaurant unit
- 2,000‑SF unit layout includes five private offices, kitchen, two large open work areas, and reception area
- Restaurant unit is currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,185
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,543,700
$1.5M
Cap Rate 7%
$1,102,643
$1.1M
Cap Rate 9%
$857,611
$857.6K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$105.3K $36.96/SF
− Vacancy
−$2.4K −$0.85/SF
EGI
$102.9K $36.11/SF
− OpEx
−$25.7K −$9.03/SF
NOI
$77.2K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,543,700
Cap Rate 7%
$1,102,643
Cap Rate 9%
$857,611
Alternative Uses
Best Use
Specialty Retail
$1.10M
$964.8K – $1.29M
NOI $77,185 @ 7.0% cap · market cap 4.17%
Second Best
Office B
$966.4K
$845.6K – $1.13M
NOI $67,648 @ 7.0% cap · market cap 3.66%
Theoretical Best
Multifamily LT 5
$57.74M
$50.52M – $67.36M
NOI $4,041,750 @ 7.0% cap · market cap 218.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,423
Businesses Nearby
Explore this area
Business Placement
Demographics for 90232, CA
16,452
Population
7,995
Households
2.1
Avg Household Size
38
Median Age
64%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
7,478
Density / Sq Mi
$125,490
Median Household Income
$84,701
Median Earnings
$2,659
Median Rent
$1,491,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Free-standing building with a 2,000-SF office suite and an 850-SF restaurant space currently occupied.
Where is this office unit located?
The property is located at 3861 3865 Jasmine Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two separate rental spaces: approx 2,000 SF office unit and approx 850 SF restaurant unit; 2,000‑SF unit layout includes five private offices, kitchen, two large open work areas, and reception area; Restaurant unit is currently occupied
